Promoted as the provider of the most advanced automated crypto trading bots, HaasOnline claims to make trading easier and profitable for crypto traders. The vendor assured rapid development, backtesting, and deployment of trading bots in a short time. While the vendor provides info about the team members, no details are furnished for the location and contact info like a phone number.
As a crypto trading service provider, this platform focuses on providing trading bots and strategies that are claimed to boost performance. Some of the main products of this platform include its cloud service, the trader server, and HaasScript.
Important features of this crypto platform include crypto trading bots, integration with bitcoin exchanges, backtesting, and paper trading.
The platform has two different trading bots namely the custom or pre-built and the flexible trading bot. With the custom model, the strategies are preloaded and you need to just configure the settings to trade. In the flexible model, you can configure various features like technical indicators, settings in the analytic charts, insurances, safety features, and more.
To use the trading bot, you need to purchase the license which is available in three packages – Beginner, Simple, and Advanced plans. After choosing from the plan, you need to register with the service. On account creation, you can download the software and use the custom version or create bots and use the exchanges supported by the platform to execute the trades.
The company supports only bitcoin payments and does not offer a free trial version. However, the 14-day trial license is available at a discounted rate which users can try or use the demo servers that are free to use.
A documentation feature is provided to explain the platform and its functionality. This helps newbie traders to know about the working of the service and the options that are present.
The Idea Behind HaasOnline
HaasOnline was founded in 2014 to provide high-frequency trading on the crypto platform. The service uses API integration for its services. As per the vendor, the products and technology used are simple but powerful enough to support the automated trading algorithms needed for crypto trading. The creation of ingenious trading approaches that are fully automated is the chief objective of this company.
The HaasOnline team is led by Stephan de Haas who is a software engineer and bitcoin advocate. Other team members include Quintus de Haas, Josh Becker, Rustim Rhoda, Raynaldo Rivera, and Jeff Vernon. The About Us section provides images of team members with a few words on their background. However, there is no mention of the experience they have in their respective field and there is just a LinkedIn contact for knowing more about the team. The lack of contact details for the company and team members is disappointing.
Safety of HaasOnline and the Network
According to the vendor, the servers used are secure and traders are recommended to hold the API they use in relation to their funds to minimize security risks. Two-factor authentication is recommended by the company for users to protect their accounts. No other info is present about the security measures taken by the service.
The pricing plans for this crypto trading service are based on the license type and length. For the beginner plan,you need to pay 0.011 bitcoin, while the simple plan costs 0.02 bitcoin, and the advanced plan costs 0.033.
Most of the features present like active trading bots, backtesting and paper trading, insurances, safeties, indicators, and core features are similar except for the limit in the numbers you can access. Unrestricted access and a free developer license are present for the advanced plan.
Five user reviews are present for this company on the Trustpilot site with an overall rating of 3.8/5. Here are screenshots of the feedbacks from users:
From the user responses, we can see that the price is expensive and that the functionalities are suitable only for a professional trader and not for beginners. Further, one reviewer indicates the customer service is not good.
Is HaasOnlinea Legit Investment Service?
Our VerdictOur Verdict
- Fully automated crypto software
- Custom option for the trading bots
- Not ideal for beginners
- Expensive price